5017 Pioneer Avenue, Burnaby, V5G 3J5 — photo 1

$2,700,000

5017 Pioneer Avenue, Burnaby, V5G 3J5
Active
5 Bedrooms 2 Bathrooms 2,402 sqft Built 1958 Residential

About This Property

Land Assembly! Area ready for redevelopment! 4965 and 5017 Pioneer Avenue can be sold in conjunction with 4949 Pioneer Avenue. 3 lots totalling 23,424 sqft can be sold as a package. This property has double exposure. The draft Burnaby OCP 2050 designates these properties for lowrise 6 story apartment. Prime South Burnaby location close to Metrotown, BCIT, Highway 1,City Hall and Brentwood. The subject site with three very livable houses strategically located half a block from Willingdon Avenue, an artery running throughout Burnaby providing direct access to Highway 1.Great opportunity with a terrific upside.

NoneFireplace

Property Details

MLS #

R3023992

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

R-1

Bedrooms

5

Full Baths

2

Half Baths

0

Kitchens

1

Fireplaces

1

Living Area

2,402 sqft

Main Floor

1,201 sqft

Basement

Yes

Lot Size

7,808 sqft

Lot Dimensions

64 x 122

Frontage

64

Year Built

1958

Age

68 years

Roof

Asphalt

Construction

Frame Wood, Stucco, Wood Siding

Structure

Residential Detached

Parking Stalls

3

Parking Type

Open, Front Access

Original Price

$2,900,000

Taxes

$6,600.97/yr

Listed

2025-07-03

MLS Area

Forest Glen BS

City

Burnaby

Postal Code

V5G 3J5

Features & Finishes

Heating

Natural Gas

Flooring

Vinyl · Carpet

Fireplace

Wood Burning

Exterior Features

Balcony · Private Yard

Building & Community

Transit

1 BLOCK

Schools

3 BLOCKS

Lot Features

Central Location, Lane Access

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Disclosures

Property Disclosure

No

Coordinates: 49.239382, -123.002264 · Map data © Google

6.1

Fair Market

Deal Score out of 10

Priced at or near market value in current conditions.

Value vs market41% above market — check if justified
Days on market307 days — significantly stale, strong negotiation position
Price historyPrice dropped 7% from original ask — seller showing motivation
Market conditionsMarket avg 97% — some negotiation room
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$2,561,795

5.1% below asking price

Negotiation Range

$2,494,295$2,602,295

$108,000 spread

$2,494,295$2,700,000 ask

Based on 28 recent sales, a starting offer around $2,561,795 (5.1% below ask) is reasonable. Your negotiation range is $2,494,295 – $2,602,295.

What's factored in

Market baseline28 recent Burnaby sales closed at median 97.2% of list price
Price already reducedSeller dropped from 7% off original ask — indicates motivation
Extended market time307 days listed — well above market avg of 149 days, increased negotiation leverage
Above-average DOM307d vs market avg of 149d — property may have a pricing or condition issue

Based on 28 residential sales in Burnaby (last 60 days) · Updated May 5

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